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2 Summit Drive # 65, Reading MA 01867

Reading, MA 01867
$250,000
Est. $2,143/month
2
Beds
2
Baths
1,118
Sq Ft
$224
Price/Sq Ft
1970
Year Built
33
Days on Market
Closed Listed Nov 4, 2016 • MLS# 72089743 Copied!

About this home

An opportunity to 'Have it your way'! This large, end unit on the top floor of desirable Summit Towers is in need of a complete facelift. All large rooms, truly eat-in kitchen, master with en-suite bath and walk-in closet. East facing unit has 12' slider to private balcony. Well managed and maintained complex where heat, water, hot water, A/C and landscaping/snow removal are included in the condo fee. Complex features in-building laundry, in-ground pool, ample parking, additional storage. Elevator building. Good reserves, high owner occupancy.

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Public Records

Current Owner

Owner PACHECO CHERRI L
Mailing Address 599 SUMMER AVE, READING, MA, 01867

Land Use

Use Code 101
Description Single Family
Zoning S15
Style RANCH

Tax Information

Assessed Value $673,200
Tax Rate $12.38 per $1,000
Base Tax $8,334
CPA Surcharge 1.5% ($106)
Estimated Annual Tax $8,441

Assessment History

Year Land Building Total Change
FY2026 $410,500 $261,600 $673,200

Sale History

Date Price Book/Page
Sep 12, 2017 $10 69919/388

Municipal Context: READING

Median Home Value $665,000
Avg SF Tax Bill $8,230
Residential Tax Rate $12.38/1000
CPA Surcharge 1.5%
County Middlesex
Match: geocode_proximity (82.1% confidence) · Data as of Mar 8, 2026

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1970
Bedrooms
2
Full Bathrooms
2
Living Area
1,118 sq ft
Total Rooms
5
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $270,000
Final Sale Price: $250,000
Difference: $20,000 (-7.4%)
Performance Metrics
92.6%
List to Sale Ratio
Sold below asking price
33
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $242
Sale $/sq ft: $224
This property sold for $224 per square foot
Sale Summary

This property sold for 7.4% below the original asking price.

The property spent 33 days on market before selling.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$224/sq ft
Area Average
$237/sq ft
Difference
5.5%

This property sold near the area average for similar homes.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1970
Living Area 1,118 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Fan Coil
Cooling Central Air, Fan Coil
Flooring Tile, Vinyl, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Frame, Brick
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Common
Total Spaces 2

Utilities

Electric 60 Amps/less
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,289
Assessed Value $226,800

Interior Features

Flooring: Tile, Vinyl, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Storm Window(s)
Basement: N
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1970
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Fan Coil
Heating Zones: 1
Cooling: Central Air, Fan Coil
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Common

Location

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Neighborhood

2 Summit Drive # 65, Reading MA 01867

Reading, MA 01867

Walkability

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Nearby Schools

School District
Reading School District local
A
School Safety 2024-25
0.4% Low
0.4% Suspensions 0.2% In-School
5.1% below state avg
E

Elementary Schools

6 schools
A
Joshua Eaton School
0.8 mi | #93 of 824 | Score: 59.7
Improved 34 spots from last year
+1.5 above state avg
388 students Moderate
Rising School Strong Attendance
Grades K-05
A
Alice M Barrows School
1.6 mi | #158 of 824 | Score: 56.8
Dropped 82 spots from last year
-1.5 below state avg
365 students Less Diverse
Strong Attendance
Grades K-05
RISE PreSchool
1.9 mi
116 students Moderate
Grades PK
A-
Birch Meadow School
2.1 mi | #240 of 824 | Score: 52.9
Dropped 160 spots from last year
-5.3 below state avg
359 students Moderate
Strong Attendance
Grades K-05
A
J. Warren Killam Elementary School
2.2 mi | #94 of 824 | Score: 59.7
Improved 18 spots from last year
+1.5 above state avg
406 students Moderate
Strong Attendance
Grades K-05
B+
Wood End Elementary School
3.1 mi | #275 of 824 | Score: 51.6
Dropped 192 spots from last year
-6.6 below state avg
236 students Less Diverse
Strong Attendance
Grades K-05
M

Middle Schools

2 schools
A
Walter S Parker Middle School
1.3 mi | #62 of 352 | Score: 54.7
Dropped 26 spots from last year
-3.6 below state avg
467 students Moderate
Grades 06-08
A
Arthur W Coolidge Middle School
2.1 mi | #43 of 352 | Score: 58.1
Improved 32 spots from last year
-0.1 below state avg
405 students Less Diverse
Rising School Strong Attendance
Grades 06-08
H

High Schools

2 schools
Austin Prep School
2.1 mi
Grades 06-12
A
Reading Memorial High School
1.9 mi | #65 of 346 | Score: 65.1
Dropped 5 spots from last year
+6.8 above state avg
1,094 students Less Diverse
18 sports • 2,420 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $274
Homeowners Insurance $200
HOA Fee $405/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

31.5%
Price Range
36
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #72446130
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 29, 2019
$365,000
MLS #72446130
Sold
Jan 27, 2017
$250,000
Property sold
Days on Market: 36
🏠
Listed for Sale
Nov 4, 2016
$250,000
Original listing
Agent: Kathy Devine Office: ERA Key Realty Services

Price & Status History

Date Event Price Change
Mar 29, 2019 Sold $365,000
Nov 4, 2016 New Listing Added $250,000

Market Statistics

Days on Market
33 days
Price per Sq Ft
$224

Tax History

Year Taxes Assessment
2016 $3,289 $226,800

Financial Details

Annual Property Tax
$3,289
Tax Year 2016
HOA Fee
$405
Per month
Assessed Value
$226,800

Listing Information

Listing Agent Kathy Devine
Listing Office ERA Key Realty Services
Agent MLS ID B0389168
Office MLS ID AN2773
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Reading, MA

Real-time market trends and pricing data for this area

2 Summit Drive # 65, Reading MA 01867 - Photo 1 2 Summit Drive # 65, Reading MA 01867 - Photo 2 2 Summit Drive # 65, Reading MA 01867 - Photo 3 2 Summit Drive # 65, Reading MA 01867 - Photo 4 2 Summit Drive # 65, Reading MA 01867 - Photo 5 2 Summit Drive # 65, Reading MA 01867 - Photo 6 2 Summit Drive # 65, Reading MA 01867 - Photo 7 2 Summit Drive # 65, Reading MA 01867 - Photo 8 2 Summit Drive # 65, Reading MA 01867 - Photo 9
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